By Aduragbemi Omiyale
Dogecoin-related searches significantly increased by 1,992 per cent worldwide after the trademark bird logo of Twitter was changed by the new owner, Mr Elon Musk, to Dogecoin’s Shiba Inu on Monday, April 3, 2023.
According to Google Trends, internet users are interested in information concerning digital currency, which is backed by the billionaire businessman.
For some investors, this is the best time to buy the coin, as it could be integrated into the payment system of the social media giant in the coming months.
Buy Doge, buy Dogecoin and Shiba Inu, according to the analysis, have soared by 1,044 per cent, 253 per cent, and 132 per cent, respectively in the last seven days.
Also, Dogecoin’s price has jumped more than 30 per cent and is now ranked the seventh most valuable cryptocurrency by CoinMarketCap.com, overtaking Cardano.
In an analysis by online casino guide, 6Takarakuji, the change caused buying interest in Dogecoin to surge overnight.
Though famously associated with Dogecoin, Mr Musk’s Twitter logo change also caused searches for ‘Shiba Inu coin’ to surge by 132 per cent.
Google searches for Twitter have leapt over the last seven days, rising 38 per cent as users noticed the change and media outlets reported it.
Google Trends data shows that almost three-quarters (72 per cent) of the 25 highest-trending searches relating to Twitter over the last seven days regard the logo change, which has created a buzz amongst internet users.
But many users unfamiliar with Dogecoin have been left confused by the image change. Why is there a dog on Twitter, Twitter dog logo and Twitter logo change are among the top trending searches.
Recall that in March 2022, a user suggested that Mr Musk buys Twitter and changes the bird logo to a doge, and the businessman responded with approval.